Chainalysis Valuation Grows Over $4 Billion After Latest Funding Round

By Prashant Jha
Published June 25, 2021 Updated June 25, 2021
Best Buy In

Exchanges

Sportsbook

Wallet

Chainalysis Valuation Grows Over $4 Billion After Latest Funding Round

By Prashant Jha
Published June 25, 2021 Updated June 25, 2021

Chainalysis, a blockchain data analytic firm has raised another $100 million in its Series E funding round led by investment firm Coatue and saw participation from Blackstone, Sequoia Heritage, and SVB Capital.

advertisement

Michael Granger, co-founder, and CEO of Chainalysis Michael Gronage said,

“The future of finance and national security will be based on blockchain data-driven decisions. We’ve harnessed the transparency of blockchains to provide actionable insights into markets, threats, and business opportunities.”

The latest funding round comes just months after the data firm’s Series D $100 million funding round. The latest fundraise takes the valuation of the firm to $4.2 billion, making it one of the most valuable blockchain data companies. This was the data firm’s third $100 million funding round within seven months. It has raised a total of $365 million on five funding rounds.

The firm revealed it would use the raised funds towards expanding its infrastructure with a focus on data and software. The firm offers blockchain analysis tools to crypto exchanges, law enforcement agencies, and private firms that flag regulatory risks with crypto transactions.

Demand for Crypto and Blockchain Data Analytics on the Rise

Amid growing regulatory scrutiny from governments around the globe, data analytic firm such as Chainalysis has seen a great spike in demand both from private firms indulged in the crypto transaction as well as the law enforcement authorities.

The demand and valuation of crypto firms have skyrocketed this summer. In the first two quarters of 2021, crypto companies have raised over $2.1 billion in seven funding rounds. Firms such as BlockFi and Blockchain.com have raised over $300 million each in their latest funding round.

advertisement
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Prashant Jha
1008 Articles
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Loading Next Story